Verifone (NYSE: PAY), a world leader in payment and commerce solutions, and ATIO Group, a leading provider of retail fuel technology in Mexico and other Latin American markets, have announced a partnership to provide integrated payments technology to Mexico’s petroleum retailers. Mexico is the sixth largest consumer of motor gasoline and diesel with more than 11,000 filling stations across the country, and its energy market deregulation allows foreign companies to import, own assets, and sell other fuel brands.
The agreement combines ATIO Control Gas POS and Verifone Commander Site Controller to provide a certified solution for at-the-pump and in-store payment acceptance, fueling operations, and back office control. Using the powerful capabilities of the Verifone e355, a flexible mobile payment device that is agnostic to smartphone and tablet form factors and supports all major OS options including Android, iOS and Windows, merchants can accept payment from anywhere in their gas station and store. Consumers will experience the convenience of paying for fuel and merchandise with debit or credit cards, as well as barcodes on cards and coupons.
“Deregulation of the Mexican energy market presents a unique opportunity for retailers to provide new payment and commerce-enabling options to their customers,” said Pablo Gualdi, CEO, ATIO Group. “With Verifone solutions, our clients can accept virtually all payment options plus deliver fast, convenient transactions and better customer service. Our local knowledge and leadership combined with Verifone’s 25-year experience in petro payment solutions, offers a smart way for retailers to benefit from the changing local marketplace.”
“Verifone’s Commander platform helps gas stations and convenience stores in Mexico leverage our industry-leading payment, loyalty and forecourt solutions, and enhance their business in the same way they do in the U.S.,” said Dan Yienger, SVP and General Manager of Petroleum for Verifone. “With our handheld, long-lasting mPOS device, we are offering access to an advanced technology solution that will drive remote payment acceptance of all forms in a transforming environment. Our partnership with ATIO Group sets a new standard for the advanced and innovative solutions that are possible for local retailers.”
The Commander Site Controller is Verifone’s single site management software platform that supports all petroleum and card brands with payment technology. It incorporates the latest Conexxus Mobile standard-based API to streamline fuels and convenience store retailers’ ability to support mobile payment apps, while offering loyalty schemes, improving business processes, reducing costs, and increasing productivity. Commander serves as a local gateway that interfaces with full-service attendant sites, and a combination of full- and self-service sites.
Verifone and ATIO Group expect to begin deployment of the combined solution in early 2017.
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This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: successful rollout of our petro payment solutions in Mexico, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date such statements are made. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud—merging the online and instore shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30 year history of uncompromised security with approximately 29 million devices and terminals deployed worldwide. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best known retail brands, financial institutions and payment providers.
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About ATIO Group
ATIO Group is a set of companies dedicated to supply technology products and services for fuel management and distribution. With 22 years in the Mexican market, is the absolute leader with +3300 gas stations automated with ControlGAS®, and the 61 Mexican airports with FuelGATE®, software for into-plane aviation fueling operations. ATIO offers service coverage for Latin America with its corporate headquarters in Mexico City, as well as its regional offices in Miami and Buenos Aires, and a network of 20 authorized distributors throughout the region.
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